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CZI calls for RBZ to state how much forex is available before the auction

The Confederation of Zimbabwe Industries (CZI) has called for the Reserve Bank of Zimbabwe (RBZ) to temporarily reduce the forex auction allocation to US$25 million over the next three weeks and instead focus on clearing the backlog. “We recommend the following additional measures: temporary reduction of the total amount to be allocated at the auction […]


Forex Auction results, Zim dollar gains again, rate now at 82.699

The Zim dollar has for the second week in a row appreciated slightly. This week’s Forex Auction results show that the median average is ZWL$82.6993 against last week’s rate of ZWL$83.3209. Last week’s climb was by ZWL$0.0785, and this week there is a slightly more substantial climb of ZWL$0.6216 when compared to last week. The […]


Foreign Exchange Auction, Zim dollar makes a marginal gain, rate at 83.32

The combined SMEs and Main Foreign Exchange Auction has concluded. This week the local currency made a marginal gain with weighted average sitting at ZWL$83.3209. Last week weighted average and effectively the rate sat at ZWL$83.3994 which is a very small uptick of ZWL$0.0785. This is the first time that there has been a bounceback […]